Politics · Germany · 7 hrs ago

Söder seeks Emirati investment for Bavarian businesses

Söder seeks Emirati investment for Bavarian businesses

Bavarian leader Markus Söder visited Abu Dhabi to build economic ties with the United Arab Emirates.

In September, Abu Dhabi’s ruler, Sheikh Mohammed bin Zayed, promised €10 billion for Bavarian businesses, but the companies to receive investment have not been named.

Söder said the visit was intended to show Bavaria was ready to accept the offer, and he met the ruler during the trip.

The two sides agreed to set up a joint economic commission to support cooperation, including in artificial intelligence, defence and mechanical engineering.

They also plan to make it easier for delegations to obtain German visas and to increase the exchange of knowledge.

Söder said the goal was more orders for Bavarian companies, not selling them to investors.

He also proposed a free-trade zone with the Emirates, but no such agreement was announced.

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Markus SöderBavarian minister-president
We want to make clear that we are not hesitating to accept the offer.
via Bild
The goal is to receive contracts.
via Bild
There is always competition.
via Bild